Bitcoin Intraday: the downside prevails as long as 93240 is resistance
Jan 9, 2025 8:50 PM
the downside prevails as long as 93240 is resistance.
Our pivot point is at 93240.
Our preference:
the downside prevails as long as 93240 is resistance.
Alternative scenario:
the upside breakout of 93240, would call for 94850 and 95810.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93002 and 93729).
Supports and resistances:
95810 **
94850 *
93240 **
92600
91967 last
89340
88390 **
87430 *
86480 **
Our preference:
the downside prevails as long as 93240 is resistance.
Alternative scenario:
the upside breakout of 93240, would call for 94850 and 95810.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93002 and 93729).
Supports and resistances:
95810 **
94850 *
93240 **
92600
91967 last
89340
88390 **
87430 *
86480 **
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